Deal of Day 🏡 💸 $425,000 | 📌 Sweetwater Dr & Silverbell Rd | Courtesy of Long Realty Company | 4 Bedroom 2 Bath | LINK In Bio . . . . #Dealoftheday #wow #hombesweethome🏡 #whywelovewherewelive #wowrealestate #thisistucson #familyhome #local #tucsonrealestate #localrealtor #desertliving #visittucson #deal #DOTD #tucsonlocals #arizona🌵
What Is Going on with Mortgage Rates? You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Basically, long story short, inflation and its impact on the broader economy are going to be key moving forward. As Greg McBride, Chief Financial Analyst at Bankrate, says: “It’s the longer-term outlook for economic growth and inflation that have the greatest bearing on the level and direction of mortgage rates. Inflation, inflation, inflation — that’s really the hub on the wheel.” When Will Mortgage Rates Come Down? Based on current market data, experts think inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year. It’ll just be later than originally expected. In the simplest sense, what this says is that mortgage rates should still come down later this year. But timing can shift as new employment and economic data come in, geopolitical uncertainty remains, and more. This is one of the reasons it’s usually not a good strategy to try to time the market. If you have questions about what’s happening in the housing market and what that means for you, let’s connect. #stayinformed #staycurrent #wow #wowrealestate #wowhomes #realestate #bestagents #florenceal #theshoals #muscleshoals #musiccity #realtors #Alabama #bestplacetolive
Deal of Day 🏡 💸 $313,500 | 📌 Ina Rd and North Camino De Oeste | Courtesy of Long Realty Company | 4 Bedroom 2 Bath | LINK In Bio . . . . #Dealoftheday #wow #hombesweethome🏡 #whywelovewherewelive #wowrealestate #thisistucson #familyhome #local #tucsonrealestate #localrealtor #desertliving #visittucson #deal #DOTD #tucsonlocals #arizona🌵
The Perks of Buying over Renting Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place. 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up. This is a big reason why buying a home can be better than renting. As prices go up and you pay down your mortgage, you build equity. Over time, this growing equity can really increase your net worth. The Urban Institute says: “Homeownership is critical for wealth building and financial stability.” 2. Rent Keeps Rising in the Long Run Rent just keeps going up over the years. Sure, it might be cheaper to rent right now in some areas, but every time you renew your lease or sign a new one, you’re likely to feel the squeeze of your rent getting higher. So how do you escape the cycle of rising rents? Buying a home with a fixed-rate mortgage helps you stabilize your housing costs and say goodbye to those annoying rent increases. That kind of stability is a big deal. Your housing payments are like an investment, and you've got a decision to make. Do you want to invest in yourself or keep paying your landlord? When you own your home, you're investing in your own future. And even when renting is cheaper, that money you pay every month is gone for good. If you're tired of your rent going up and want to explore the many benefits of homeownership, let’s talk to explore your options. #firsttimehomebuyer #opportunity #wow #wowrealestate #wowhomes #realestate #bestagents #florenceal #theshoals #muscleshoals #musiccity #realtors #Alabama #bestplacetolive
Deal of Day 🏡 💸 $369,500 | 📌Prudence Rd and Golf Links Rd | Courtesy of Tucson Property Executives | 4 Bedroom 2 Bath | LINK In Bio . . . . #Dealoftheday #wow #hombesweethome🏡 #whywelovewherewelive #wowrealestate #thisistucson #familyhome #local #tucsonrealestate #localrealtor #desertliving #visittucson #deal #DOTD #tucsonlocals #arizona🌵
Deal of Day 🏡 💸 $449,000 | 📌Pima St & Sahuara Ave | Courtesy of Douglas Realty | 3 Bedroom 3 Bath | LINK In Bio . . . . #Dealoftheday #wow #hombesweethome🏡 #whywelovewherewelive #wowrealestate #thisistucson #familyhome #local #tucsonrealestate #localrealtor #desertliving #visittucson #deal #DOTD #tucsonlocals #arizona🌵
What More Listings Mean When You Sell Your House The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right. But the supply of homes for sale is growing. As Realtor.com says: “. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.” What This Means for You If you’ve been putting off selling your house, maybe it’s time to start thinking about it again – before your neighbors do. While we’re not going to suddenly have a surplus of homes for sale, each house that pops on the market in your area runs the risk of pulling buyer attention away from yours. For example, if your neighbor gets in on the action and lists their house too, it means you’ll have competition right next door. You don’t want buyers to tour your house and fall in love with someone else’s. You want yours to be in the spotlight. A great agent can make that happen. They’ll help you get your house ready to list, draw attention to everything today’s buyers are looking for, and help you price it right. That way buyers are really drawn to your listing and eager to make it their home. Even though inventory is still low, you don’t want to wait for more competition to pop up in your neighborhood. DM me to go over the perks of selling before more homes come to the market. #realestatetipsoftheday #wow #wowrealestate #wowhomes #realestate #bestagents #florenceal #theshoals #muscleshoals #musiccity #realtors #Alabama #bestplacetolive